Saudi Arabia, Russia and five other key members of OPEC+ have agreed in an online meeting to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war, AFP reports.
“The seven participating countries decided to implement a production adjustment of 188 thousand barrels per day,” they said in a joint statement.
The increase, decided by the key countries in the enlarged Organisation of the Petroleum Exporting Countries, was widely expected by analysts.
